According to Lookonchain, significant accumulation of $ai16z tokens by whales and smart money is ongoing. A notable trader who previously profited 6,289 $SOL (approximately $1.16 million) from $ai16z has reinvested 6,293 $SOL (around $1.16 million) to purchase 1 million $ai16z tokens just 4 hours ago. Additionally, an entity identified as B6FsUN...XzDV acquired 869,000 $ai16z tokens (valued at $1.09 million) an hour ago and currently holds a total of 4.38 million $ai16z tokens.